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In January 2009, computer scientist Hal Finney received the world’s first bitcoin transaction from the network‘s pseudonymous founder, Satoshi Nakamoto.
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In 2010, a Florida-based developer paid 10,000 bitcoin for two pizzas (worth then about $40). It is generally acknowledged as the first commercial bitcoin transaction.
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It’s a common perception that blockchain technology was invented with the emergence of Bitcoin, but this is not entirely true.
An early version of a cryptographically secured, timestamped chain of blocks was described by computer scientists Stuart Haber and W. Scott Stornetta in 1991.
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Most blockchains work as a digital ledger that is shared among a distributed network of computer nodes.
Blockchains are best known for their crucial role in the cryptocurrency industry, for maintaining a secure and decentralized record of transactions.
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Blockchain has a large number of use cases. Let's take a look at some examples:
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Are you sure you know everything about blockchain? Blockchain is a word you may have heard many times, but do you know when the technology was invented? Here are 4 facts that are key to understanding blockchain.
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On January 3rd, 2009, a few months after the publication of the original whitepaper, the first lines of code were committed to the bitcoin blockchain by Satoshi Nakamoto. But Nakamoto vanished. No one has discovered who Satoshi was or is, though many have tried.
The initial idea of bitcoin...
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias
Bitcoin started on Jan. 3, 2009, when a hacker or group of hackers - working under the name Satoshi Nakamoto - released an ingenious string of computer code that created a system allowing people to transfer money to one another online and directly, without revealing their identity and out...
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